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Oct 8, 2013
10/13
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our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every president in modern history has had to contend with. >> every president in modern history has negotiated over a debt limit. debt limits have been used to force big policy changes. >> there is exactly one speaker in modern history who has seriously tried. by exactly one speaker of the house and that speaker of the house is not speaking the truth. here once begin. >> this is something routine. it has been done more than 40 times since ronald reagan is president. it has never before been used in the kind of ways that the republicans are talking about u
our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every...
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Jan 20, 2023
01/23
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when i was in the raise the debt ceiling business, everyone in congress understood what the debt ceiling was. everyone understood that it was a must pass bill, and that is why we usually waited to the very last minute to raise the debt ceiling because at that point no one would dare try to tamper with it, adding amendment to it, or in any way complicate raising the debt ceiling because everyone understood if we fail to raise the debt ceiling, it really would be the end of the world economically. it would strike a devastating blow to the world wide economy with crushing economic catastrophe in the united states. we were raising the debt ceiling then in a senate controlled by democrats, with house of representatives controlled by democrats, and a democratic president in the white house, bill clinton. that meant that the republicans did not help us, but they never dreamed of blocking an increase in the debt ceiling. bob dole, the republican leader of the senate would never dream of putting a 60 vote procedural roadblock in the way of the debt ceiling bill. until the first time that we raise
when i was in the raise the debt ceiling business, everyone in congress understood what the debt ceiling was. everyone understood that it was a must pass bill, and that is why we usually waited to the very last minute to raise the debt ceiling because at that point no one would dare try to tamper with it, adding amendment to it, or in any way complicate raising the debt ceiling because everyone understood if we fail to raise the debt ceiling, it really would be the end of the world...
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May 9, 2023
05/23
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. >> is this about the debt ceiling? >> yes, it's exactly what it's about. >> i'm sorry, i won't tell anybody. >> i think if the president is not watching tonight, they will play the laurence tribe tape for him in the morning before his meeting with kevin mccarthy. >> somebody i'm sure is watching in the white house right now -- somebody who works in the white house, hello, this is your note, this is your msnbc equivalent of a flashing red light, laurence tribe has something to say that you're gonna want to hear. it's coming right up. how is that? >> they're definitely gonna get it this time. that's for sure. thank you, rachel. >> thanks, lawrence. >> well, this weekend, in texas, once again, a messenger arrived from the secret filthy heart of america. those words were used 55 years ago to describe the man who shot and killed bobby kennedy. senator robert kennedy was that rare kind of presidential candidate in 1968, who was loved not just by millions of people who were eager to vote for him, but by some of the toughest n
. >> is this about the debt ceiling? >> yes, it's exactly what it's about. >> i'm sorry, i won't tell anybody. >> i think if the president is not watching tonight, they will play the laurence tribe tape for him in the morning before his meeting with kevin mccarthy. >> somebody i'm sure is watching in the white house right now -- somebody who works in the white house, hello, this is your note, this is your msnbc equivalent of a flashing red light, laurence tribe has...
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Oct 9, 2013
10/13
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only over the counter treatment for overactive bladder. it's good to know how to put the control back in your go. new oxytrol for women. now over the counter in the feminine care aisle. visit oxytrolforwomen.com to learn more. >>> if congress refuses to raise what's called the death ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only...
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Jan 14, 2013
01/13
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i just want to come back to the debt ceiling. you said you wouldn't in this on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy, and you did. as you say now that you're not going to negotiates on the debt ceiling this year, why should house republicans take that seriously and say if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, let's take the example of this year and the fiscal cliff. i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was fair and it protected the
i just want to come back to the debt ceiling. you said you wouldn't in this on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy, and you did. as you say now that you're not going to negotiates on the debt ceiling this year, why should house republicans take that seriously and say if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, let's take the example of...
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Sep 7, 2017
09/17
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why not do a daily debt ceiling? the most important lesson of the day for republicans was delivered by an unnamed house republican in politico. it doesn't help our leadership to try to hold us republicans together on anything when they know the president will chop them off at the knees. on anything. that means the entire republican legislative agenda is now in serious danger. democrats have the republicans and the president exactly where they want them now, and they can't believe it was this easy. chuck schumer may be the first minority leader in history to have his first offer to the president of an opposing party accepted without a word of negotiation. what do you think that's going to do to chuck schumer's next first offer? he's going to push trump even harder the next time he has a first offer to make in the oval office. he's going to ask for much more. that's what happens when you cave as easily and immediately and completely as donald trump did today in the negotiation that never was. chuck schumer and nancy pe
why not do a daily debt ceiling? the most important lesson of the day for republicans was delivered by an unnamed house republican in politico. it doesn't help our leadership to try to hold us republicans together on anything when they know the president will chop them off at the knees. on anything. that means the entire republican legislative agenda is now in serious danger. democrats have the republicans and the president exactly where they want them now, and they can't believe it was this...
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Aug 9, 2011
08/11
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power leaves raising the debt ceiling to the party in power. that's why senator barack obama voted against raising the debt ceiling when the republicans had a majority in the united states senate. not that senator obama was opposed to raising the debt ceiling, he was just playing a political game with it, trying to highlight republican responsibility for the debt. this year we saw something we haven't seen before, some tea party members of congress claiming that they would do anything to prevent an increase in the debt ceiling, no matter what. it turned out, big surprise, a lot of them were lying, and they did, in fact, vote for an increase in the debt ceiling. in fact, last week's vote for a debt ceiling increase was the most bipartisan vote to increase the debt ceiling we have seen in a very, very long time. but still, the incompetent, politically illiterate john chambers and londoner david beers offer nothing but the political worry that maybe congress won't raise the debt ceiling the next time it has to. they will be proven wrong every day
power leaves raising the debt ceiling to the party in power. that's why senator barack obama voted against raising the debt ceiling when the republicans had a majority in the united states senate. not that senator obama was opposed to raising the debt ceiling, he was just playing a political game with it, trying to highlight republican responsibility for the debt. this year we saw something we haven't seen before, some tea party members of congress claiming that they would do anything to...
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Oct 7, 2013
10/13
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debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic. eventually it will be reopened but the president will not have capitulated and you will have discredited yourself and along the way you've heard the american people. >> having said that, where do you think we are today and what do you think of the government shutdown. >> i would say i was pretty accurate by prophecy. frankly i think we have made more progress probably than most people understand. over half the government is back opening. it should never have been shut down, the defense department and civilian contractors and civilian workers. we vot
debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic....
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Oct 9, 2013
10/13
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our fastest-growing industries. let's invest in our future. join exxonmobil in advancing math and science education. let's solve this. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our...
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Jul 20, 2011
07/11
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we have a debt ceiling crisis and debt crisis. we have to take both taken care of. >> with all due respect, you didn't answer. let me ask you another question. you got a letter today, a copy of a letter that another president sent in 1983. let me show that you letter in case you didn't have time to read your mail. it called on a raising of the debt ceiling. it is impossible, the letter said, to predict and awesome to contemplate what would happen, assistance and passing and ex techkts debt ceil. sincerely, ronald reagan. does the fact that ronald reagan, someone that i would think you respect and regard, appeal to the congress to deal with the debt ceiling in his time and raise the debt ceiling many times, does that give you at least cause it pause and think about what you're doing? >> we absolutely recognize the ramifications of the debt ceiling and default of america's status on its credit. i realize what president reagan was talking about. but the bottom line is, it is time to deal what is causing the crisis and that's the unde
we have a debt ceiling crisis and debt crisis. we have to take both taken care of. >> with all due respect, you didn't answer. let me ask you another question. you got a letter today, a copy of a letter that another president sent in 1983. let me show that you letter in case you didn't have time to read your mail. it called on a raising of the debt ceiling. it is impossible, the letter said, to predict and awesome to contemplate what would happen, assistance and passing and ex techkts...
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May 24, 2023
05/23
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ceiling, and then ended up negotiating on the debt ceiling. i have been disappointed that joe biden did not boys and more potential support for using the 14th amendment and the presidential power implied in there to override the debt ceiling even of the congress does not pass and increasing the debt ceiling. but here's what i came up with this morning when i i assigned myself the task of thinking through the debt ceiling situation on the assumption that joe biden and steve ricchetti who was the presidents most experience negotiator on the debt ceiling know exactly what they are doing and they are doing it for good reason. so with that as my guy, i noticed that joe biden insisted for months that he was not going to negotiate on the debt ceiling, but he would be willing to engage in the normal budget negotiations with congress that he has to participate and every year. now, joe biden is engaged in a negotiation over the debt ceiling and a budget at the same time. and kevin mccarthy is calling that a victory, just a negotiation he's calling a vic
ceiling, and then ended up negotiating on the debt ceiling. i have been disappointed that joe biden did not boys and more potential support for using the 14th amendment and the presidential power implied in there to override the debt ceiling even of the congress does not pass and increasing the debt ceiling. but here's what i came up with this morning when i i assigned myself the task of thinking through the debt ceiling situation on the assumption that joe biden and steve ricchetti who was the...
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Oct 9, 2013
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the debt ceiling. >> you think that some facet of the president's health care plan should be attached to an increase in the debt celling? >> yes. >> we've just got to put obama care on hold. >> i'll do anything i can to protect the american people from obama care. >> republican congressman scott garrett said if a debt ceiling deal doesn't have a full delay or defund of obama care, i know i and many others will not be able to support whatever the leadership proposes. the president has repeatedly assured republicans this will never happen. >> i'm going to repeat it. there will be no negotiations over this. the united states government p pays its bills. that's non-negotiable. we're not going to negotiate around the debt ceiling. >> the republicans think they have the support of the american people. the latest polling finds that 70% of americans disapprove of congressional republicans handling of the budget. that's up from 63% just last week. the latest national journal poll are even worse than the gop. 80
the debt ceiling. >> you think that some facet of the president's health care plan should be attached to an increase in the debt celling? >> yes. >> we've just got to put obama care on hold. >> i'll do anything i can to protect the american people from obama care. >> republican congressman scott garrett said if a debt ceiling deal doesn't have a full delay or defund of obama care, i know i and many others will not be able to support whatever the leadership...
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May 24, 2023
05/23
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current debt ceiling situation. instead of having someone come on who doesn't know what's going on, i thought i don't know what's going on, i can just guess and so, we're gonna do a little bit of that. and i will advance a theory that joe biden is doing everything right. there is a theory that i landed on it today that joe biden is doing everything right. i reserve the right to take my mind tomorrow. >> [laughter] listen, lawrence, i will put my money on you being able to not only explain this but make sense of it, and have a plausible theory for all of it so i'm eager to see what you have to say this evening. >> it's one of the things that i know will sound good while i'm saying it. i don't want anyone to think about much after i say it. okay? >> [laughter] >> [laughter] let's see what the news is tomorrow. >> you've got to get the 10:59. >> right, yeah! >> it is given some until 10:59, and i'm sure it well lawrence as it always does! >> thank you alex! >> have a great show. >> thank you. well this is the breaking
current debt ceiling situation. instead of having someone come on who doesn't know what's going on, i thought i don't know what's going on, i can just guess and so, we're gonna do a little bit of that. and i will advance a theory that joe biden is doing everything right. there is a theory that i landed on it today that joe biden is doing everything right. i reserve the right to take my mind tomorrow. >> [laughter] listen, lawrence, i will put my money on you being able to not only explain...
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Jan 16, 2023
01/23
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hit a debt ceiling. to prioritize certain payments interest payments on the national debt, social security, as well as funding the military, will this plan even work? >> well, we don't know. this is the same type of threat we saw 12 years or so ago, you rafik technical default, again, reduces the quality of our debt and treasury papers. this is really not again a tool that should be used to discuss future spending that's what the budgeting process is for going forward, the debt ceiling itself exists in so far as the money we already owe. we have to service the debt that we have. again putting us in a very unenviable situation of risking default. that's a game of chicken that should not be played. >> and so, it would affect, i know i'm being redundant on this, it would affect 2308 x who aren't in ves tors or major banking corporations. >> interest rates could spike up on a u.s. debt default, that could make the cost of money already that much higher. housing affordability, credit card rates and everything
hit a debt ceiling. to prioritize certain payments interest payments on the national debt, social security, as well as funding the military, will this plan even work? >> well, we don't know. this is the same type of threat we saw 12 years or so ago, you rafik technical default, again, reduces the quality of our debt and treasury papers. this is really not again a tool that should be used to discuss future spending that's what the budgeting process is for going forward, the debt ceiling...
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Sep 18, 2013
09/13
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ceiling does not increase our debt. it does not somehow promote -- all it does is it says you've got to pay the bills you've racked up, congress. it's a basic function of making sure that the full faith and credit of the united states is preserved. and i've heard people say, well, in the past, there have been negotiations around raising the debt ceiling. it's always a tough vote because the average person thinks raising the debt ceiling must mean running up our debt, so people don't like to vote on it and typically, there's some guns in terms of making the president's party shoulder the burden and then there's some political campaign later that smacks around for saying, joe smith voted to raise the debt ceiling by $2 trillion and it soupds terrible and it's a fun talking point for politics, but it always gets done. if there is a budget package that includes the debt ceiling vote, it's not the debt ceiling that is driving the negotiations, it's stick into the budget negotiations because if you're going to take a bunch of
ceiling does not increase our debt. it does not somehow promote -- all it does is it says you've got to pay the bills you've racked up, congress. it's a basic function of making sure that the full faith and credit of the united states is preserved. and i've heard people say, well, in the past, there have been negotiations around raising the debt ceiling. it's always a tough vote because the average person thinks raising the debt ceiling must mean running up our debt, so people don't like to...
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 3, 2013
10/13
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the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>> joining me, barney frank, senator, am i wrong in that that is absolutely the norm throughout the entire 20th and 21st century that nine years out of ten, probably, that has been the case about the federal government? >> well, a couple of things, first of all i think you make a very good friend. i sympathize with my friend, former senator greg. he is a responsible man, the last time we faced a crisis it was totally bipartisan. when the democrats were in control, it was 2008, george bush came to us, greg and i were two people that came across the divide to g
the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>>...
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May 17, 2023
05/23
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it was separate from raising the debt ceiling. what newt gingrich did was go along with raising the debt ceiling, as republicans many -- many republicans -- >> would we have a president like bill clinton that would work with republicans for the best interest of the country. this president and the democrats in the house and senate show no interest in any cuts, any reforms, any kind of fiscal responsibility. we have to use the debt ceiling as leverage to accomplish what's in the best interest of the country. >> just to point out that some republicans, many republicans did go along with raising the debt ceiling, at least twice, under president trump. >> again, as i have noted, the 90 days we spent negotiating a debt ceiling increase, modest by d.c. standards of $1.5 trillion, in exchange for a trillion dollars in up front reduction in spending and$5 trillion over time, caps on future spending, an energy bill that will get our independence back, get the economy going, save americans hundreds of billions of dollars, those are important
it was separate from raising the debt ceiling. what newt gingrich did was go along with raising the debt ceiling, as republicans many -- many republicans -- >> would we have a president like bill clinton that would work with republicans for the best interest of the country. this president and the democrats in the house and senate show no interest in any cuts, any reforms, any kind of fiscal responsibility. we have to use the debt ceiling as leverage to accomplish what's in the best...
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Jul 22, 2011
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the debt ceiling. >> your issue is not the debt limit. >> texas is back on the debate over teaching evolution in public schools. >> and the heat index, manufactured by government. >> senate republicans still want their chance to vote on the latest symbolic vote. >> cut, cap, and balance. >> we haven't have won world war ii if we had had a cut, cap, and balance on the table then. >> every reasonable voice in america has warned us time is of the essence. we are running out of time. >> and the media has finally caught up with grover norquist, the most powerful man in republican politics. >> who made grover norquist king? >> the people have made this commitment not to raise taxes. >> if you raise tax rates, that is violating a tax pledge. >> 232 of the 240 have signed the no tax increase pledge. >> americans for tax reform would oppose any effort to weaken, reduce, or not continue the 2001-2003 bush tax cuts. >>> rumors swept the capital this morning that the president and speaker of the house were close t
the debt ceiling. >> your issue is not the debt limit. >> texas is back on the debate over teaching evolution in public schools. >> and the heat index, manufactured by government. >> senate republicans still want their chance to vote on the latest symbolic vote. >> cut, cap, and balance. >> we haven't have won world war ii if we had had a cut, cap, and balance on the table then. >> every reasonable voice in america has warned us time is of the essence....
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Jun 1, 2023
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he never allowed any gamesmanship over the debt ceiling, never. he cooperated with democratic presidents and republican presidents, democratic majority leaders in the senate, to make sure that they could get debt ceiling increases without even requiring a 60 vote threshold in the senate. that is unthinkable today, because the republicans in congress mostly behave like logan roy's spoiled children. >> you are not serious people. ♪ ♪ ♪ >> joe biden would love to have had that logan roy moment with republicans, democrats would love to have that moment. but joe biden can't do that. he can't walk out of the room like that. because republicans control the house of representatives. so, joe biden had to negotiate the debt ceiling agreement with the republican speaker of the house. >> going to support the legislation that is on the floor today. and i support it without hesitation, preservation, or trepidation. not because it's perfect, but in divided government, we of course cannot allow the perfect to be the enemy of good. and president biden did an
he never allowed any gamesmanship over the debt ceiling, never. he cooperated with democratic presidents and republican presidents, democratic majority leaders in the senate, to make sure that they could get debt ceiling increases without even requiring a 60 vote threshold in the senate. that is unthinkable today, because the republicans in congress mostly behave like logan roy's spoiled children. >> you are not serious people. ♪ ♪ ♪ >> joe biden would love to have had that...
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Oct 7, 2013
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that's the debt ceiling deadline. treasury secretary jack lew ran the gauntlet of sunday morning political talk shows. his warning, it's looking a lot more likely the u.s. could default for the first time in its history. >> we're on the verge of going into a place we've never been. failure of congress to act would for the first time put us in a place where we're defaulting on our obligations of government pauf congress' failure to act. >> here's what's making this looking more likely. the tea party republican saying in a sunday interview that he'd be willing to dance on the debt ceiling if it meant defunding obama care. >> we should look for ways to mitigate the harms from obama care. >> so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best renlevee congress has to rein in the executive -- >> so yes? >> yes. >> independent vermont senator bernie sanders serves on five committees, including veteran
that's the debt ceiling deadline. treasury secretary jack lew ran the gauntlet of sunday morning political talk shows. his warning, it's looking a lot more likely the u.s. could default for the first time in its history. >> we're on the verge of going into a place we've never been. failure of congress to act would for the first time put us in a place where we're defaulting on our obligations of government pauf congress' failure to act. >> here's what's making this looking more...
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Jan 3, 2013
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. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congress. >> congress. >> the laughing stock of the country. >> 66 days and counting, shame on you, shame on congress. >> all right, let's get a couple of things straight here, okay? first of all, there is nothing wrong with legislating at the last minute. in fact, on the big stuff, the politically difficult bills it is usually impossible to legislate before the last minute. now if you never found yourself going to the post office at the last minute with your tax return in hand, you may not
. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the...
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Oct 9, 2013
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so he said that on the debt ceiling. and basically the koch brothers are saying that in their letter as it regards government shutdown. so right there you have the koch brothers pulling back from the whole ted cruz obama care crusade, which they might not have been with to begin request. heritage was a finding member of the let's get obama care, let's get rid of obama care caucus. however, they can read the numbers. they see the poll numbers. and more importantly, they worry about the global economic impact. don't forget that the republican party, despite all the tea party talk and despite that the chamber of commerce as a lobby group doesn't mean anything, they care about business, they care about profits. and they're looking at their bottom line in terms of polls and in terms of profits. >> what's the stronger impulse in the republican caucus? wealth or hatred? we do know in many ways, not in every way, the republican party has been backed by the fat cats. a much harmer percentage of the american industry, commerce, in
so he said that on the debt ceiling. and basically the koch brothers are saying that in their letter as it regards government shutdown. so right there you have the koch brothers pulling back from the whole ted cruz obama care crusade, which they might not have been with to begin request. heritage was a finding member of the let's get obama care, let's get rid of obama care caucus. however, they can read the numbers. they see the poll numbers. and more importantly, they worry about the global...
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spending rather than raising the debt ceiling. he's saying, i had to spend a lot of money because the economic crisis when i took over, but i'm trying to take steps now to deal with it. >> it's interesting. he had had a message to progressives as well. he said, we can't have the conversation be -- he was making the case that you want a big deal and you want to try to do this, even after the debt ceiling because, if the debt is an excuse not to do something, then you can't do an investment in a new education program or you can't do a special investment in a new infrastructure project, is that going to resonate? >> i think he'll have some problems with liberal democrats, who are not going to be happy with changes in social security and medicare, who will want to higher taxes for the wealthy that's not going to be a part of it. there's no indication there will be fintaxes in the final deal. on the other hand, democrats are likely to follow the president. we find that even the most liberal democrats still support the president wanting
spending rather than raising the debt ceiling. he's saying, i had to spend a lot of money because the economic crisis when i took over, but i'm trying to take steps now to deal with it. >> it's interesting. he had had a message to progressives as well. he said, we can't have the conversation be -- he was making the case that you want a big deal and you want to try to do this, even after the debt ceiling because, if the debt is an excuse not to do something, then you can't do an investment...
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Oct 15, 2013
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hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >> oh, i was going to ask, does close also count in debt ceilings? are we already in dangerous territory? >> yeah, it absolutely does. there are two consequences of a default from not raising the debt ceiling. one is if you actually don't do it, and then markets and interest rates adjust in probably unimaginably bad ways. but even when you get close, other countries, bankers, people buying treasury securities look around and think this security doesn't seem quite as secure as it used to. i think i'm going to have to charge a little bit more in order to come in and be a buyer. and because we pay the intere
hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >>...
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Aug 6, 2011
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ceiling is you described it as crazy debt ceiling nonsense, and the debt ceiling was crazy and nonsense, but doesn't that make the very last day, isn't it legitimate for them to say that's close to default and makes us worry about default? >> if we were to have this discussion two weeks ago, by the way, when s&p and others threatened to downgrade. if we had had this discussion then, i would have said a couple of weeks ago, this is a silly discussion. there's a pin prick of reason in this you kind of circled around. we have prominent republicans, mitch mcconnell, rob portman, representative paul ryan, some of the most prominent republicans are saying for now on, what happened with the debt ceiling should be a template for every other debt ceiling increase we have and we should have a dollar for dollar rule, every dollar of debt ceiling increase means a dollar of spending cuts. basically, they want to enshrine dysfunctionality in our system and i can see where s&p would raise an eyebrow. we are still a completely reliable borrower, the united states government, so the downgrade was wrong,
ceiling is you described it as crazy debt ceiling nonsense, and the debt ceiling was crazy and nonsense, but doesn't that make the very last day, isn't it legitimate for them to say that's close to default and makes us worry about default? >> if we were to have this discussion two weeks ago, by the way, when s&p and others threatened to downgrade. if we had had this discussion then, i would have said a couple of weeks ago, this is a silly discussion. there's a pin prick of reason in...
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ceiling is you described it as crazy debt ceiling nonsense, and the nonsense was crazy and nonsense, but we did it on the very last day, so isn't it legitimate for them to say that close to default makes us worry about default? >> if we were to have this discussion two weeks ago, by the way, when s&p and others threatened to downgrade. if we had had this discussion then, i would have said a couple of weeks ago, this is a silly discussion. there's a pin prick of reason in this you kind of circled around. we have prominent republicans, mitch mcconnell, rob porkman, representative paul ryan, some of the most prominent republicans are saying for now on, what happened with the debt ceiling should be a template for every other debt ceiling increase we have and we should have a dollar for dollar rule, every dollar of debt ceiling increase means a dollar of spending cuts. basically, they want to enshrine dysfunctionalty in our system and i can see where s&p would raise an eyebrow. we are still a completely reliable borrower, the united states government, so the downgrade was wrong, math was
ceiling is you described it as crazy debt ceiling nonsense, and the nonsense was crazy and nonsense, but we did it on the very last day, so isn't it legitimate for them to say that close to default makes us worry about default? >> if we were to have this discussion two weeks ago, by the way, when s&p and others threatened to downgrade. if we had had this discussion then, i would have said a couple of weeks ago, this is a silly discussion. there's a pin prick of reason in this you kind...
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ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the reporter that dug up fbi files on the movie star. [ male] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the eas
ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the...
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May 12, 2023
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. >>> is there a glimmer of hope for a last-minute debt ceiling deal? what does the postponement of today's white house talks mean for avoiding the fiscal cliff? >>> former marine daniel penny now facing a second degree manslaughter charge for putting a homeless man in a fatal chokehold for at least several minutes on a new york city subway train after what some parents described as aggressively threatening behavior by 30-year-old jordan neely. >>> good day. i'm andrea mitchell in new york. the biden administration is trying to maintain the political fallout amidst an outcry of criticism that it failed to prepare early enough for the end of title 42. >> why not delay the expiration of title 42 until you are ready to handle it? >> title 42 is a public health authority, the public health emergency has ended. we have been preparing for this moment for more than a year and a half. i have been very clear that it's going to be challenging, but we do have a plan. >> joining me now is guad venegas in san diego and julia ainsley in el paso, texas. julia, to you.
. >>> is there a glimmer of hope for a last-minute debt ceiling deal? what does the postponement of today's white house talks mean for avoiding the fiscal cliff? >>> former marine daniel penny now facing a second degree manslaughter charge for putting a homeless man in a fatal chokehold for at least several minutes on a new york city subway train after what some parents described as aggressively threatening behavior by 30-year-old jordan neely. >>> good day. i'm...
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eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on october 17th with somehow defaulting on our debt. i haven't heard any of my republican colleagues suggest that it might be okay to default on our debt. >> oh, yeah. no republican is saying it's okay to default except congressman yoho. he said it would bring stability to the world markets. oh, and then there's this star team of debt deniers. >> the debt ceiling has never not been raised. so there is no debt ceiling. >> i don't think the credit of the united states is going to be collapsed. i think all this talk about a default is a lot of false demago
eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on...
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Jan 19, 2023
01/23
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the debt ceiling. we have to get spending back under control. and we have to do that by any means possible and if that means the government shutdown, then i'll be calling for a government shutdown. because this government -- this government shut our country down with those covid shutdowns. >> oh, my god. tomorrow the government has to resort to extraordinary measures to continue paying the bills. congress will need to act in june. if they don't, we go into default which could lead to a whole world of hurt including a possible stock market crash or recession. higher interest rates, a weaker dollar, another credit downgrade. and in 4% decline in gdp and up to six million job losses. yea. joining me now is democrating congressman from california and robert wright, secretary of labor in the clinton administration and professor at uc berkeley. i want to start with you, congressman. the nonroutineness of raising the debt limit is a purely political thing. you know? and i can recall democrats who oppose seemi
the debt ceiling. we have to get spending back under control. and we have to do that by any means possible and if that means the government shutdown, then i'll be calling for a government shutdown. because this government -- this government shut our country down with those covid shutdowns. >> oh, my god. tomorrow the government has to resort to extraordinary measures to continue paying the bills. congress will need to act in june. if they don't, we go into default which could lead to a...
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Jan 14, 2023
01/23
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ceiling resolution to raise the debt ceiling without any of these antics and add-ons, and so we will see if there are six moderate republicans who can do that. there probably aren't more than six moderate republicans in the entire house these days, as we saw with the speaker's election, an unwillingness to stand up to these extremist elements within their own party. but hopefully there are six who recognize the dire circumstance if, for the first time in american history, we breach the full faith and credit of the united states. >> congressman, good to see you. we appreciated. congressman lloyd doggett of texas. joining us now is gerald bernstein, the office of economic advisers. our go to on these things. jared, there's a smart conversation like ours having with congressman about debt and spending and how you deal with, it and there's a dumb conversation, and we're back in the dumb one. >> i couldn't agree more about your point. it's really important. about this conversation that not only should we be having but one that president biden is absolutely willing to have. he has presided
ceiling resolution to raise the debt ceiling without any of these antics and add-ons, and so we will see if there are six moderate republicans who can do that. there probably aren't more than six moderate republicans in the entire house these days, as we saw with the speaker's election, an unwillingness to stand up to these extremist elements within their own party. but hopefully there are six who recognize the dire circumstance if, for the first time in american history, we breach the full...
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and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about fiscal sanity. we can reach fiscal sanity. we have been working very well toward that. but this is all about ideology and philosophy. >> you called speaker boehner courageous for sending the fiscal cliff bill to the floor. you know speaker boehner saw republican defections in the speaker vote this week, he has favored heavy criticism from tea partiers and others. do you suspect similar courage from boehner in the weeks ahead? >> i think he wants to be krajuous. it's really horrible when an example of bipartisanship causes such consternation in one party. boehner w
and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about...
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Jan 14, 2023
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and so, we see that, in fact, even though, look, the debt ceiling, debt limit, that has been a political chip of republicans for years. it's a dangerous one because, as we said, the spending decisions have already been made and certainly, money is already committed. this is not the way to rain in the national that, but essentially, at an interest, of course, because when we have -- we've seen things like americas credit rating be downgraded. but really, i think that all of this activity, whether it's the debt limit, bonanza, that fight, the threats to vacate the speakership, and of course, this ongoing insane activity that we're about to buckle in fort from jim jordan's subcommittee. i think it really just shows how far the republican party has eroded from anything that resembles governance, and the fact that they're just trying to do anything that they can to hang on to a base that they have radicalized. so, i think that's the news from kevin mccarthy lined, in short. >> unfortunately, the only people that lose here are the voters, the taxpayers, whether you're on democrat or republican
and so, we see that, in fact, even though, look, the debt ceiling, debt limit, that has been a political chip of republicans for years. it's a dangerous one because, as we said, the spending decisions have already been made and certainly, money is already committed. this is not the way to rain in the national that, but essentially, at an interest, of course, because when we have -- we've seen things like americas credit rating be downgraded. but really, i think that all of this activity,...
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Feb 5, 2014
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i think for the president to ask for a clean debt ceiling when we have a debt the size of our economy is irresponsible. >> what's your reaction to that? >> it was mitch mcconnell that proposed the mcconnell rule, which is that the president can do the right thing and make sure we pay our bills on time. if congress wants to vote to try to default, congress can do that. i know he doesn't want to be associated with it anymore. in a moment of acting responsibly a couple years ago, he's the one who put that on the table. he knows better. we know that because he said it himself two years ago. this notion that going to threaten the health of the american economy to try to get the tea party agenda through is simply reckless and the american people know it. there are a lot of folks in the republican party know it. they've got this impulse to go forward. >> all right. what do you think of the $8.6 billion in cuts to food stamps in the farm bill? was that really necessary to pick on the most vulnerable americans and the number of people who are going to be effected by this? >> i voted against th
i think for the president to ask for a clean debt ceiling when we have a debt the size of our economy is irresponsible. >> what's your reaction to that? >> it was mitch mcconnell that proposed the mcconnell rule, which is that the president can do the right thing and make sure we pay our bills on time. if congress wants to vote to try to default, congress can do that. i know he doesn't want to be associated with it anymore. in a moment of acting responsibly a couple years ago, he's...
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Sep 27, 2013
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. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign up for the health care plan! ♪ >>> five days before enrollment begins for obama care, president obama took a stand against republicans threatening a government shutdown. the president went to maryland and began by explaining why he won't consider defunding obama care. >> in fact, for the past few years since i signed the affordable care act, a lot of you have been enjuventoying new benefits you didn't have before even if you didn't know they were coming from obama care. because the affordable care act, more than 100 million americans have gotten free preventative care. because of the affordable care act, 3 million young adults under age 26 have gained c
. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign...
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Jul 28, 2011
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brown isn't voting for boehner's debt ceiling plan, because he has his own bill to lower the debt ceiling. he thinks it's easy to reign in spending. >> when someone is overdescended and broke. they don't continue paying for expensive automobiles, they sell the expensive automobile and buy a cheaper one. they don't continue paying for country club dues, they drop out of the country club. >> paul brown is the perfect example of what i've been talking about for years. republicans are absolutely clueless about the middle class in this country. most americans don't have the option of downgrading. they don't have expensive automobiles. they're hanging on to their 8-year-old minivan, hoping it won't give out on them. and they don't belong to country clubs, very few people in this country do. and a lot of folks can't even head out to public courses because they're working two or three jobs just to put food on the table. if brown thinks it's so easy to cut back, he should introduce a bill to make the country clubber's contribute a little bit more. because working americans have already tightened t
brown isn't voting for boehner's debt ceiling plan, because he has his own bill to lower the debt ceiling. he thinks it's easy to reign in spending. >> when someone is overdescended and broke. they don't continue paying for expensive automobiles, they sell the expensive automobile and buy a cheaper one. they don't continue paying for country club dues, they drop out of the country club. >> paul brown is the perfect example of what i've been talking about for years. republicans are...
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Jun 1, 2023
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debt ceiling for two years. for the rest of president biden's first term, for the rest of this congressional term, the democrats will not have to face the get ceiling again before they face another election. this was not an yield is c thing to achieve. republicans could've assisted on only a six-month extension. and that at ceiling. one year, so that they could come back one year again, one year from now and pound joe biden again in a negotiation like this. but kevin mccarthy gave up, because kevin mccarthy did not want to combat that room. kevin mccarthy did not want to be in another highly pressurized debt ceiling negotiation again. and so kevin mccarthy gave president biden two full years on the debt ceiling. that is an outcome that is almost unimaginable, even a week ago, and it is the proof, once again, that to governors to choose, and the choices are never easy. governing is a job for serious people there is a certain range of predictability to governing. one serious people are involved. . bob dylan was a
debt ceiling for two years. for the rest of president biden's first term, for the rest of this congressional term, the democrats will not have to face the get ceiling again before they face another election. this was not an yield is c thing to achieve. republicans could've assisted on only a six-month extension. and that at ceiling. one year, so that they could come back one year again, one year from now and pound joe biden again in a negotiation like this. but kevin mccarthy gave up, because...